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this is there is for this question (Related to Checkpoint...

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Finance

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this is there is for this question
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(Related to Checkpoint 9.1) (Floating-rate loans) The Bensington Glass Company entered into a ioan agreoment wth the firris bank to finance the firm's wotking capital. The foan called for a floating rate that was 29 basis points (0.29 percent) over an index based on LibOR. In addition, the loan adjusted weekly based on the closing walue of the index for the previous week and had a maximum annual rate of 2.18 percent and a minimium of 1.78 percent. Calculate the rate of interest for weeks 2 through 10 . The rate of imesest for week 2 is 2. (Round to two decimal places) (Related to Checkpoint 9.1) (Floating rate loans) The Bensington Glass Company entered into a loan agreenent with the frris's bank to finance the firmis working eaptil. The loar called for a flosking rale that was 29 basis poirts (0 29 percent) over an index based on LBOR In addtion, the loan adristed weebly based on the elosieg value of the inder foe the prewous week and had a maxomum annual tate of 2.18 percent and a minimum of 1.18 percent. Calculate the iate of interest for weeks 2 through 10 (chck on thericon th over to copy its conterti into a dpreadsbeef) The rate of intereM tor week 2 is (Reund to twe decimal places)

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